question archive Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 12
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Find the modified internal rate of return (MIRR) for the following series of future cash flows if the company is able to reinvest cash flows received from the project at an annual rate of 12.95 percent. The initial outlay is $329,500.
Year 1: $185,700
Year 2: $145,200
Year 3: $164,300
Year 4: $166,500
Year 5: $143,500
Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
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